Magazine article Variety

Where Will Gotham Roll out the Red Carpet?

Magazine article Variety

Where Will Gotham Roll out the Red Carpet?

Article excerpt

For four decades, the Ziegfeld Theatre loomed large as the grandest stage to launch a movie in New York with its 1,131 seats. Its closure last month has sent studios into a tailspin.

"It's a disaster," says events host Peggy Siegal, who notes a Gotham screen shortage with the shuttering of the Academy Theater Lighthouse International last summer and a planned renovation of MoMA's red carpet space. "The studios are going to have to go to public theaters. It's not going to feel the same."

Take the Feb. 9 world premiere of Paramount's "Zoolander 2," an event that almost assuredly would have unfolded at the Ziegfeld. Instead, guests made their way uptown to Lincoln Center's Alice Tully Hall, where New York Film Festival screenings take place, often without food. And a source estimates that the cost of renting Alice Tlilly Hall - with its roughly 1,000 seats - is much higher than that of the Ziegfeld, putting it out of reach of most budgets. …

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